Developer Discount Deal

Southbank Estate offers investors a unique opportunity to own land in Southern River, by buying at just 50% of today’s prices – only for a maximum of 3 lots.

People who could barely afford to pay $340,000 for a block of land today might have to pay $393,000 for the same block of land assuming it took three years to complete the development and the land went up in value by just 5% per year. It is easy to see how securing a lot at just half today’s price and simply waiting for the development to be completed over the expected three years could be a very good hedge against inflation and offer a strong investment return. This is landbanking at its best.

Today’s land values at Southbank will be between $253,000 for 322 square meters (sqm) and $339,000 for 450 sqm. These prices are very comparable and in line with other estates nearby and represent fair market value. Most lots are in the $280-$360,000 price bracket.

But because of the unique Developer Discount Deal, if you are one of the first three buyers, you only need to pay just half of the list price, with nothing more to pay at all to the developer.

So a Southbank Estate Lot that is normally $253,000 could be bought for just $126,000 today.

Something to consider – you need to have your own source of financing, either cash save or in a super fund or a credit line, as you won’t be able to borrow against your Southbank lot until your land title is created in about three years. You will need to provide these funds soon after the paperwork and agreements are completed.

One of the really exciting things about some of the lots available is that many of them are to be zoned R30 and R40. Simply put, it means that blocks with this zoning could be suitable to develop multiple homes. Depending on the size and zoning, some Southbank lots could be suitable for two to seven homes of varying sizes.

So, if you ever thought about being a developer, or landbanking, this is a fantastic opportunity for you.

The period of time in which the development is expected to be approved, constructed and completed is approximately 36 months – though it could be longer or perhaps a little shorter, depending on factors like local council and state government approvals, servicing including provision of sewer and power and market conditions.

The developers expect that only 3 Lots maximum from a total of 155 in Southbank estate Stages 1-5 will be available to buy pre-purchased under this unique Developer Discount Deal – so we recommend you contact us without delay to secure your block at just 50% of today’s price.